Tag: 上海自带工作室是真的吗

American Electric Power reaffirms plans to cut coal generation, increase renewables

first_imgAmerican Electric Power reaffirms plans to cut coal generation, increase renewables FacebookTwitterLinkedInEmailPrint分享Daily Energy Insider:American Electric Power (AEP) is planning to close coal plants and increase capital investments in renewables to balance its portfolio and reduce risk, AEP Chairman, President and CEO Nicholas Akins said at the Edison Electric Institute Financial Conference held this week in San Francisco.The company plans to invest $33 billion in capital from 2019 through 2023. AEP expects to invest about $16.6 billion in its transmission businesses and another $8.3 billion in its distribution businesses over the next five years.The planned investments involve $2.7 billion for new clean energy generation, which include $2.2 billion for competitive, contracted renewable projects. In regard to contracted renewables, the company focuses on opportunities that are longer tenure, credit-worthy counterparties and mostly electric utilities, Akins said during a presentation to investors.The company plans to invest $1 billion in regulated fossil fuel and hydro generation and $500 million in nuclear generation through 2023. The company is moving from approximately 65 percent coal to 38-40 percent coal. Akins noted that the company’s portfolio will likely continue to include some coal into the future.“That’s really a focus of the de-risking that’s occurred relative primarily to fossil generation and moving toward a more balanced portfolio with the advent of not only natural gas but renewables, energy storage, other technologies that we’re primed to be able to take advantage of,” Akins said.More: AEP aims to reduce risk by increasing renewable investments, closing coal plantslast_img read more

Belgian pension funds generate 5.7% in 2016

first_imgBelgian pension funds generated a nominal return of 5.7% on average last year, according to the Belgian sector organisation PensioPlus.However, the group warned that funds will have to increase their investments in the real economy in order to keep on generating sufficient returns.“Bonds are no longer a safe haven and are becoming increasingly volatile,” it said. Last year, Belgian pension funds allocated 45% of their assets to fixed income, with just 7% in alternatives and 6% in real estate.The 5.7% return compares to average gains of 4.4% and 11.1% over 2015 and 2014, PensioPlus said. The organisation drew its figures from 52 schemes with combined assets of €14.4bn. It added that returns had averaged more than 6.4% a year during the past 25 years.As well as the 45% in fixed income, Belgian pension funds had stakes of 39% in equity. The schemes’ holdings of cash were 4% on average, while the allocation to alternatives, such as insurance, infrastructure, private equity, and convertible bonds, totalled 7%.During the presentation of the preliminary figures, PensioPlus reiterated earlier warnings of the looming ‘devastating impact’ of the financial transaction tax (FTT) on Belgian pension funds.Philip Neyt, chairman of PensioPlus, called on the Belgian government to abandon the introduction of the so-called ‘Tobin tax’ if its rules were also to apply to non-commercial players such as pension funds.PensioPlus estimated that the FTT would cost Belgian pension funds €20m in direct expenses annually, but said that this amount would at least triple if the tax also applied to underlying investments.“This means that 5 to 24 months of pensions accrual during a worker’s entire career would be lost to the FTT,” it said.The lobbying organisation also reiterated that the introduction of the Tobin tax will scupper further relocation of pension funds to Belgium and that existing pan-European schemes may even leave.Currently, there are approximately 80 cross-border pension funds in Belgium.PensioPlus further warned that pension funds in countries that don’t participate in the FTT, including the Netherlands and Luxembourg, are also to suffer from the tax if they invest through a Belgian investment vehicle.The ministers of the ten European member states that are considering to adopt the Tobin tax are to meet on Friday to discuss the subject.last_img read more

Larisa Ceric won Silver at one of the strongest Competitions in the World

first_imgThe most successful Bosnia and Herzegovinian athlete Larisa Ceric won the silver medal at one of the strongest competitions in the world – Grand Slam Baku 2019.Ceric won Nunes Rochel (Portugal), M Bairo Anne (France), Kindzersk Irina (Azerbaijan) and lost from Kalanina Yelisavet from Ukraine.Once again, Ceric confirmed her success.Aleksandra Samardzic performed at the Grand Slam in Baku, in the first round she was more successful than Russia’s Kireeva Taisia, but in the second round, she was eliminated by the former Vice-champion of the World Bernabeu Marie from Spain, News Agency Partia reports.last_img